How does money figure into a happy life?
In his new book The Geometry of Wealth, behavioral finance expert Dr Brian Portnoy delivers an inspired answer to this important question. He builds on the critical distinction between being rich and being wealthy.
While being rich can be described as an unsatisfying treadmill, being wealthy is the ability to underwrite a meaningful life, however one chooses to define that. Truly viewed, wealth is funded contentment.
At the heart of this groundbreaking perspective, in his book Portnoy takes readers on a journey toward wealth, informed by disciplines ranging from ancient history to modern neuroscience. He contends that tackling the big questions about a joyful life and tending to financial decisions are complementary, not separate, tasks.
Brian Portnoy, PhD, CFA, is an expert at simplifying the complex world of money. His insights and advice are driven by a passion for teaching and investing, and based on a 25-year career in both money management and academia.
Brian is the Director of Investment Education at Virtus Investment Partners, a diversified investment company with $80 billion under management. He leads the firm’s thought leadership initiatives on sound investing and smarter decision-making for both financial advisers and individuals.
He’s also worked throughout the hedge fund and mutual fund industries, having held senior strategy, investment, and research roles at Chicago Equity Partners, Mesirow Financial, and Morningstar.
Here’s my conversation with Brian Portnoy, about how to shape a life of money and meaning, in episode 342 of Informed Choice Radio.